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Success of Sopra Steria’s New We Share 2022 Employee Share Ownership Plan
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Sopra Steria Group (SOP) announced the success of its We Share 2022 employee share ownership plan, with more than one-third of eligible employees participating. The plan, launched in February across 14 countries, involved 200,000 shares, including 100,000 purchased by employees and 100,000 as free matches from the company. It was oversubscribed by over 200%. Following the plan's completion, employee-held shares represented around 7% of the share capital, making them the second-largest shareholder group. Shares subscribed were delivered on May 5, 2022.
Positive
Over 33% of eligible employees participated in the We Share 2022 plan.
The plan was oversubscribed by more than 200%.
Employee holdings represent approximately 7% of share capital, indicating strong employee commitment.
Negative
None.
PARIS--(BUSINESS WIRE)--
Regulatory News:
Sopra Steria Group (SOP, Euronext Paris [Compartment A] – ISIN: FR0000050809) (Paris:SOP) today announced the success of its new We Share 2022 employee share ownership plan, to which more than one in three eligible Group employees, and nearly one in two in France, subscribed.
In February, Sopra Steria announced the launch of its new We Share 2022 employee share ownership plan in 14 countries, with the aim of giving employees a lasting stake in the Group’s development and performance.
The plan included 200,000 shares – 100,000 shares purchased by employees and 100,000 free shares granted as Sopra Steria’s matching employer contribution – and was oversubscribed by more than 200%. It was carried out exclusively through the transfer of existing shares.
During the presentation of the results of this plan, Sopra Steria Chairman Pierre Pasquier welcomed employee commitment to the company’s business strategy: “By making We Share a success, our employees have shown their commitment to being part of an independent Group, combining our entrepreneurial culture with our collective force.”
Upon completion of this plan, holdings managed on behalf of employees represented around 7% of the share capital and 8% of voting rights, bolstering Sopra Steria’s position as one of the leading listed French companies when it comes to employee share ownership. After adding the shares held directly in registered form by current and former Group employees, these proportions amount to nearly 10% of the share capital and 13% of voting rights, thereby making employees the Group’s second-largest shareholder.
Shares subscribed under the We Share 2022 plan were delivered on 5 May 2022.
The features of this plan were detailed in a press release dated 24 February 2022.
About Sopra Steria Sopra Steria, a European Tech leader recognised for its consulting, digital services and software development, helps its clients drive their digital transformation to obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to making the most of digital technology to build a positive future for its clients. With 47,000 employees in nearly 30 countries, the Group generated revenue of €4.7 billion in 2021.
The world is how we shape it.
Sopra Steria Group (SOP) is listed on Euronext Paris (Compartment A) - ISIN: FR0000050809
For more information, please visit our website www.soprasteria.com
